Here’s what Wall Street’s top performers expect from their bonuses this year
Fixed income, currencies, and commodities traders are back in the ascendancy on Wall Street. The FICC business is expected to post an increase in 2016 revenue, in contrast to the equities business and...
View ArticleU.S. Limits on Wall Street Bonuses Appear Doomed Ahead of Trump
For years the White House has pushed U.S. regulators to finish writing tough new rules that would restrict bonuses for Wall Street executives, one of the most contentious parts of the Dodd-Frank...
View ArticleBloomberg – Deutsche Bank in deal that could save staff bonuses
Bloomberg News reports that Deutsche Bank employees may owe their cash bonuses for 2016, however modest, to a last-minute bargain by CEO John Cryan. The beleaguered bank, long embroiled in negotiations...
View ArticleTop firm bonus pool said to drop significantly
Bloomberg News reports that Bank of America is poised to boost bonuses for many of its bond traders and trim payouts for those handling stocks, people with knowledge of the matter said. The combined...
View ArticleDeutsche Bank woes add to Wall Street bonus gloom
People on Wall Street react to a bonus in one of four ways, said Greg Lippmann, a former Deutsche Bank trader: happy, satisfied, dissatisfied or disgusted. Managers never want you happy, he told...
View ArticleCity bonuses linked to compliance and conduct
Conduct, compliance and risk management are increasingly being used in the calculation of bonuses by financial services companies, a global survey from Mercer shows. Approximately one-third of...
View ArticleMuch moping at Societe Generale as bonuses shrivel by as much 40% from last year
Bankers in Societe Generale’s fixed income division in London are moping. Their bonus pool was down by 5 per cent this year, despite the department enjoying healthy revenues. Junior bankers are...
View ArticleUBS cuts bonus pool by 17 percent, CEO makes $13.5 million
UBS (UBSG.S) cut its bonus pool by 17 percent in 2016 to 2.9 billion Swiss francs ($2.9 billion) after full-year net profit almost halved at Switzerland’s biggest bank. In its compensation report...
View ArticleWall Street Bonuses Averaged $138,210 and Profits up 21 Percent in 2016
Bonuses paid to Wall Street employees in New York City edged up 1 percent to $138,210 on average, according to a new report. State Comptroller Thomas P. DiNapoli said Wednesday that $23.9 billion in...
View ArticleWall Street Bonuses Rise for the First Time in Three Years and the Average...
It’s good to work on Wall Street again. Employees in New York’s financial services sector took home on average $138,210 in bonuses for 2016 — the first time the bonus pool rose in three years thanks to...
View Article
More Pages to Explore .....